• ISSN: 2301-3567 (Print)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly (2013-2014); Monthly (2015-2017); Quarterly (Since 2018)
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
    • Executive Editor: Ms. Mia Hu
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JOEBM 2020 Vol.8(1): 16-22 ISSN: 2301-3567
DOI: 10.18178/joebm.2020.8.1.606

An Econometric Estimation of Feedback Effects of Trade Relationship between Oman and Other Members of the Gulf Cooperation Council

Abdusalam Faraj Yahia
Abstract—This paper attempts to extend the recent literature by empirically examining if there are any feedback effects of the trade relationship between Oman and its trading partners from GCC members. A simultaneous-equations model with double log form has been developed and used and the main finding can be illustrated as follow: there is no evidence of partial feedback effect in Oman trade with all GCC Countries accepts Bahrain. the short-range of Omani elasticity of imports from GCC with respect to its GDP appears to be higher (ranged from .75 to 1.8). Finally, the gap between the desired level of spending on Omani imports from GCC members and the actual level of spending for all cases will be closed in one period and the number of periods of adjustment is ranged between one and two years.

Index Terms—Feedback effects, GCC, simultaneous equations model, sultanate of Oman, trade relationship.

Abdusalam F. Yahia is with Oman Chamber of Commerce and Industry, Sultanate of Oman and School of Economics, Elmergib University, Libya (e-mail: af.yahaia@chamberoman.om, afyahia@elmergib.edu.ly).

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Cite:Abdusalam Faraj Yahia, "An Econometric Estimation of Feedback Effects of Trade Relationship between Oman and Other Members of the Gulf Cooperation Council," Journal of Economics, Business and Management vol. 8, no. 1, pp. 16-22, 2020.

Copyright © 2020 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

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